The government should not be in control of the private sector. You create opportunity, you create business, you create development, you hand it to the investor and start creating something new.

This quote by Mohammad bin Salman, the Crown Prince of Saudi Arabia, reflects his vision for economic reform and a shift toward a more dynamic and diversified private sector. When he says, “The government should not be in control of the private sector…”, he is advocating for a reduction of state dominance in the economy. Instead of maintaining tight government control, he emphasizes empowering entrepreneurs, investors, and private enterprises to drive innovation and economic growth.

The second part of the quote—“You create opportunity, you create business, you create development…”—outlines a framework for progress where the government's role is to enable rather than control. This reflects the principles of free-market economics, where competition, private investment, and innovation are seen as the keys to sustainable prosperity. His approach promotes the idea that by building the right infrastructure and regulatory environment, governments can attract investors who then bring new ventures, industries, and technologies to life.

This quote is rooted in the broader context of Vision 2030, Saudi Arabia’s strategic plan to reduce its dependence on oil and diversify its economy. Under Mohammad bin Salman’s leadership, there has been a strong push to privatize various state-owned assets, promote foreign direct investment, and support sectors like tourism, entertainment, and technology. His philosophy challenges the long-standing model of state-heavy economic management and encourages a more entrepreneurial spirit across the nation.

Ultimately, the quote conveys a vision of modernization through partnership between government and private industry. By stepping back and allowing the private sector to flourish, the government can act as a catalyst for innovation, ensuring long-term development while fostering economic independence and job creation. Mohammad bin Salman’s words signal a transformative shift in how Saudi Arabia views its future role in the global economy.